City of Somerville, Massachusetts - File #: 25-1559

• File #: 25-1559
• Version: 1
• Type: Mayor's Request
• Status: Agenda Ready
• File created: 10/6/2025
• In control: City Council
• On agenda: 10/9/2025
• Title: Requesting approval to create the Boynton Yards Infrastructure Stabilization fund and accept a payment to the fund of $384,025, from off-site infrastructure and other contributions outlined in the Boynton Yards district project development covenants, for the purpose of funding public infrastructure projects that mitigate the impact of large-scale development in the Boynton Yards district.
• Code sections: Stabilization Fund -

Agenda Summary

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Requesting approval to create the Boynton Yards Infrastructure Stabilization fund and accept a payment to the fund of $384,025, from off-site infrastructure and other contributions outlined in the Boynton Yards district project development covenants, for the purpose of funding public infrastructure projects that mitigate the impact of large-scale development in the Boynton Yards district. 

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Official Text

To the Honorable City Council:

Requesting approval to create the Boynton Yards Infrastructure Stabilization fund and accept a payment to the fund of $384,025 generated from off-site infrastructure and other contributions outlined in the Boynton Yards district project development covenants.  The purpose of the stabilization fund is to fund public infrastructure projects that mitigate the impact of large-scale development in the Boynton Yards district. 

Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter.

Respectfully Submitted,

Katjana Ballantyne, Mayor